The decision to rebrand Binance’s blockchain network as “BNB Chain” was partly made to highlight the interoperable nature of the two ecosystem blockchains and the BNB token while simultaneously distancing its blockchain network from the Binance brand. The reason for this transition is that BNB is more than Binance. BNB stands for “Build and Build”, and it is the native token of BNB Chain. As such, the token, along with BNB Chain, is its own living ecosystem that is now taking a different course than Binance.
These blockchains were previously known as(bep20 token generator) Binance Chain and Binance Smart Chain (BSC). However, with the transition to BNB Chain, Binance Chain also switched to BNB Beacon Chain, and BSC to BNB Smart Chain (still abbreviated as “BSC”).
The first of the two blockchains was BNB Beacon Chain, which at launch was called Binance Chain. The main purpose of this chain is to process and validate decentralized transactions within the BNB Chain ecosystem. Additionally, they designed the chain to host the ecosystem’s native currency, BNB. However, the chain is not equipped to facilitate smart contracts, which previously limited the ecosystem and gave rise to BSC.
BSC is compatible with smart contracts and works alongside BNB Beacon Chain. So even though these chains are intertwined, they remain separate. This means that they have the potential to work independently if, for example, one of the strings goes offline.
Creating on bsc token generator is a moderately comparative encounter to the Ethereum blockchain. So, if you have experience with the Ethereum ecosystem, you will probably have no trouble growing with BNB Smart Chain. This is because BSC essentially uses the same code base as Ethereum in combination with EVM compatibility .
How to create a token on the BNB chain
Creating a BNB Chain token doesn’t have to be difficult. In fact, with Moralis we can do it in minutes. Also, you don’t need to be a developer to create a BNB Chain token! So if you want to learn how to launch your own token, follow along as we walk you through the process.
If you have experience creating tokens on the Ethereum network, you will be familiar with the process. The development of Ethereum and BNB Chain tokens is relatively similar as you will be using the same programming languages, tools, and thought process. As such, we will be using Solidity as our programming language. Additionally, the tools we are going to use are Remix, which is an IDE (Integrated Development Environment), and MetaMask , one of the biggest cryptocurrency wallets.
We’ll break the process down into five simple steps:
- Find an OpenZeppelin contract template.
- Creation of a contract file.
- Contract programming.
- Compilation of the token contract.
- Deployment of the contract.
As this is a tutorial on how to create a BNB Chain token, we will do this for the ecosystem testnet. However, if you want to launch a token on the BNB Chain mainnet, the process does not differ significantly.
Instructions to Create a BNB Chain Token — Prerequisites
Before learning how to create a BNB Chain token, we need to consider a few prerequisites. First of all, we need to create bep20 token in MetaMask account because it is essential for us to interact with smart contracts. In addition to acquiring a MetaMask wallet, we also need to add the BNB Chain testnet to our wallet. Finally, we will also acquire BNB for the testnet, which will allow us to pay for the transaction to launch the tokens on the network. So, without further ado, let’s dive straight into getting a MetaMask wallet.
To get your own MetaMask wallet, you must first visit their official website and install MetaMask as an extension for your web browser. With the extension at hand, you can click the “Get Started” button and create your wallet. It is possible to import an existing wallet using a seed phrase or create one from scratch. However, this should be up to your preferences, so we won’t go into the details of the setup process.
Get node and change network MetaMask
To add the BNB Chain testnet to your MetaMask wallet, the first thing you need is a blockchain node. The fastest and easiest way to get your hands on a node is through Moralis. Or, more specifically, the Speedy Nodes service. Moreover, with Moralis Speedy Nodes, it is quite easy to access blockchain nodes from several different networks such as Ethereum, BNB Chain, Polygon, etc.
So, to acquire the BNB Chain node that you will need for this “how to create a BNB Chain token” tutorial, the first thing you will need to do is register with Moralis. With a Moralis account, you can log in and access the “Speedy Nodes” tab on the far left of the admin panel. Once you click on this tab, a few different alternatives will appear, one of which will be the BNB Chain network. To get the node, you will need to press the “Endpoints” button, which will provide you with URLs. These URLs are the nodes of the BNB chain.
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